Artificial Intelligence Based (ai-Based) Systems and Methods to Manage Electronic Documents for Automated Underwriting and Pricing

Embodiments of the present disclosure relate to artificial intelligence driven (AI-based) systems, and more particularly relates to an AI-based method and system to manage one or more electronic documents including closing packages for providing dynamic risk assessment and loan pricing based on real-time data.

The current process for managing mortgage loans is hindered by substantial challenges in document management and risk assessment. Classifying electronic documents and Handling closing packages, which often exceed a thousand pages, remains an arduous and time-consuming task. These closing packages include a variety of documents, such as notes, appraisals, social security numbers, driver's licenses, loan agreements, and housing and urban development (HUD) documents. Manually sorting these documents may require considerable human effort and time. Document processing in loan closings has always been a bottleneck for users and the document processing may take more than a week to complete because of an amount of paperwork involved in the loan closings.

Additionally, assessing a risk of a loan necessitates accurate and efficient management of diverse data types and sources. The existing methods rely heavily on manual processes and lack the ability to dynamically integrate various data sources that influence loan decisions, leading to inefficiencies and potential inaccuracies in determining loan pricing and terms.

Hence, there is a need for an improved artificial intelligence based (AI-based) system and method for managing one or more electronic documents including closing packages for providing dynamic risk assessment and loan pricing based on real-time data, in order to address the aforementioned issues.

This summary is provided to introduce a selection of concepts, in a simple manner, which is further described in the detailed description of the disclosure. This summary is neither intended to identify key or essential inventive concepts of the subject matter nor to determine the scope of the disclosure.

In accordance with an embodiment of the present disclosure, an artificial intelligence based (AI-based) method for managing one or more electronic documents comprising closing packages, is disclosed. The artificial intelligence based (AI-based) method comprises receiving, by one or more hardware processors, the one or more electronic documents including the closing packages from one or more electronic devices associated with one or more first users. The closing packages comprise a set of the one or more electronic documents associated with one or more financial transactions. The one or more electronic documents are corresponding to a form of a portable document format (PDF).

The AI-based method further comprises automatically categorizing, by the one or more hardware processors, the one or more electronic documents including the closing packages associated with one or more financial transactions, by applying one or more tags on the one or more electronic documents, using an artificial intelligence (AI) model.

The AI-based method further comprises splitting, by the one or more hardware processors, each electronic document of the one or more electronic documents including the closing packages, based on the one or more tags applied on the one or more electronic documents, using an AI-based document splitting model.

The AI-based method further comprises extracting, by the one or more hardware processors, one or more information from one or more types of the one or more electronic documents, using the AI model.

The AI-based method further comprises validating, by the one or more hardware processors, each electronic document of the one or more electronic documents to determine whether each electronic document of the one or more electronic documents are required to a process of one or more loans.

The AI-based method further comprises determining, by the one or more hardware processors, at least one of: eligibility of the one or more loans and base rate settings, upon validation of each electronic document of the one or more electronic documents, using an AI-based guideline validation model.

The AI-based method further comprises predicting, by the one or more hardware processors, risk assessment on the one or more loans for one or more second users based on at least one of: one or more market data and one or more internal loan performance metrics, using an AI-based risk model.

The AI-based method further comprises dynamically adjusting, by the one or more hardware processors, loan pricing and terms in response to market conditions based on a combination of at least one of: the eligibility of the one or more loans, the base rate settings, and the risk assessment on the one or more loans for one or more second users, using an AI-powered pricing and terms engine.

In an embodiment, the AI-based method further comprises training the AI model to automatically categorize the one or more electronic documents. Training the AI model comprises: (a) obtaining, by the one or more hardware processors, one or more first training datasets associated with the one or more text formats of the one or more electronic documents corresponding to one or more predefined tags; (b) generating, by the one or more hardware processors, one or more feature vectors by processing the one or more first training datasets using at least one of: optical character recognition (OCR) engine and natural language processing (NLP) model; (c) correlating, by the one or more hardware processors, the generated one or more feature vectors with one or more respective tags being assigned for the one or more electronic documents; (d) training, by the one or more hardware processors, the AI model based on the correlation between the generated one or more feature vectors and the one or more respective tags, wherein the AI model comprises a Stochastic Gradient Descent (SGD) classification model; and (e) determining, by the one or more hardware processors, one or more tags being applied on the one or more electronic documents to automatically categorize the one or more electronic documents, based on the trained AI model.

In another embodiment, splitting each electronic document of the one or more electronic documents comprising the closing packages, using the AI-based document splitting model, comprises: (a) converting, by the one or more hardware processors, the one or more electronic documents from the portable document format (PDF) to one or more text formats using the OCR engine; (b) processing, by the one or more hardware processors, the converted one or more text formats of the one or more electronic documents to extract a list of page numbers for each electronic document of the one or more electronic documents, using a Spacy named entity recognition (NER) model; (c) converting, by the one or more hardware processors, the one or more electronic documents from the portable document format (PDF) to one or more image formats; (d) predicting, by the one or more hardware processors, a type of one or more pages of the one or more electronic documents based on the converted one or more image formats of the one or more electronic documents, using a convolutional neural network (CNN) model, wherein the type of one or more pages of the one or more electronic documents comprise at least one of: start page, middle page, end page, filler page, and single page, of the one or more electronic documents; (e) determining, by the one or more hardware processors, a boundary of each electronic document of the one or more electronic documents by combining the extracted list of page numbers for each electronic document of the one or more electronic documents and predicted type of the one or more pages of the one or more electronic documents, using the AI-based document splitting model; (f) tagging, by the one or more hardware processors, each electronic documents of the one or more electronic documents based on the one or more types of the one or more electronic documents, using a document tag classifier, wherein the document tag classifier comprises a Stochastic Gradient Descent (SGD) classifier; and (g) splitting, by the one or more hardware processors, each electronic document of the one or more electronic documents based on the one or more tags applied on the one or more electronic documents.

In yet another embodiment, the AI-based method further comprises training the AI model to extract the one or more information from the one or more types of the one or more electronic documents. Training the AI model comprises: (a) obtaining, by the one or more hardware processors, a set of electronic documents comprising the one or more types of the one or more electronic documents, wherein the one or more types of the one or more electronic documents comprise at least one of: one or more notes, housing and urban development document, social security number (SSN), and driving licenses; (b) annotating, by the one or more hardware processors, the one or more types of the one or more electronic documents to indicate one or more key details comprising at least one of: one or more names of the one or more second users, one or more SSN values, and one or more loan values; (c) extracting, by the one or more hardware processors, one or more features from the annotated one or more electronic documents using the NLP model, wherein the NLP model comprises a SpaCy library model; and (d) training, by the one or more hardware processors, the AI model with the extracted one or more features and the annotated one or more electronic documents, to analyze the one or more information from each type of the one or more electronic documents.

In yet another embodiment, the AI-based method further comprises sending, by the one or more hardware processors, one or more notifications to the one or more electronic devices associated with the one or more first users when the one or more electronic documents are at least one of: missing and incomplete. The one or more notifications comprise a request of submission of the one or more electronic documents being missed during the process of the one or more loans.

In yet another embodiment, determining at least one of: eligibility of the one or more loans and the base rate settings using the AI-based guideline validation model, comprises at least one of: (a) determining, by the one or more hardware processors, at least one of: eligibility of the one or more loans and the base rate settings, based on one or more factors comprising at least one of: evaluations of credit score, loan-to-value ratio defining property value corresponding to a loan amount, eligibility of the one or more second users and one or more properties; (b) determining, by the one or more hardware processors, whether the one or more loans meet one or more minimum standards indicating an acceptation of the one or more first users on the one or more loans; (c) determining, by the one or more hardware processors, base pricings for the one or more loans based on one or more first fields comprising at least one of: information associated with a loan amount, experience of the one or more second users, one or more credit scores, and demography; and (d) determining, by the one or more hardware processors, optimized pricings for the one or more loans based on one or more second fields obtained from the one or more second users, wherein the one or more second fields comprise one or more properties belonging to the one or more second users.

In yet another embodiment, the AI-based method further comprises training, by the one or more hardware processors, the AI-based risk model to predict the risk assessment on the one or more loans for the one or more second users. Training the AI-based risk model comprises: (a) obtaining, by the one or more hardware processors, one or more second training datasets comprising one or more data from one or more data sources, wherein the one or more data comprise at least one of: the one or more market data, one or more user geographical and financial data, one or more loan performance data, and one or more social media data; and (b) training, by the one or more hardware processors, the AI-based risk model based on the one or more second training datasets using a grid search approach, wherein the AI-based risk model comprises an extreme gradient boosting (XGBoost) model.

Training the AI-based risk model by: (a) defining, by the one or more hardware processors, a range of values for each hyperparameter to be tuned in the AI-based risk model, wherein defining the range of values for each hyperparameter comprises assigning maximum, minimum, and step size for each hyperparameter of one or more hyperparameters, wherein the one or more hyperparameters comprise at least one of: learning rate, tree depth, and number of trees; (b) generating, by the one or more hardware processors, a grid search space by combining the range of values from the one or more hyperparameters; (c) generating, by the one or more hardware processors, an optimized grid of configurations for the AI-based risk model based on the combination of the range of values from the one or more hyperparameters; and (d) training, by the one or more hardware processors, the XGBoost model on the one or more second trained datasets using k-fold cross-validation to determine robustness and prevent overfitting.

In yet another embodiment, the AI-based method further comprises evaluating, by the one or more hardware processors, performance of the trained AI-based risk model using one or more metrics comprising root mean squared error (RMSE). The RMSE indicates close matching of the prediction of the AI-based risk model with one or more actual values.

In yet another embodiment, the AI-based method further comprises adjusting, by the one or more hardware processors, the one or more hyperparameters to fine-tune the AI-based risk model with minimum RMSE for dynamically predicting the risk assessment with optimized accuracy.

In one aspect, an artificial intelligence based (AI-based) system for managing one or more electronic documents comprising closing packages, is disclosed. The AI-based system includes one or more hardware processors and a memory coupled to the one or more hardware processors. The memory includes a plurality of subsystems in the form of programmable instructions executable by the one or more hardware processors.

The plurality of subsystems comprises a document receiving subsystem configured to receiving, by one or more hardware processors, the one or more electronic documents comprising the closing packages from one or more electronic devices associated with one or more first users. The closing packages comprise a set of the one or more electronic documents associated with one or more financial transactions. The one or more electronic documents are corresponding to a form of a portable document format (PDF).

The plurality of subsystems further comprises a document categorizing subsystem configured to automatically categorize the one or more electronic documents comprising the closing packages associated with financial transactions, by applying one or more tags on the one or more electronic documents, using an artificial intelligence (AI) model.

The plurality of subsystems further comprises a document splitting subsystem configured to split each electronic document of the one or more electronic documents comprising the closing packages, based on the one or more tags applied on the one or more electronic documents, using an AI-based document splitting model.

The plurality of subsystems further comprises an information extraction subsystem configured to extract one or more information from one or more types of the one or more electronic documents, using the AI model.

The plurality of subsystems further comprises a document validation subsystem configured to validate each electronic document of the one or more electronic documents to determine whether each electronic document of the one or more electronic documents are required to a process of one or more loans.

The plurality of subsystems further comprises a loan eligibility determining subsystem configured to determine at least one of: eligibility of the one or more loans and base rate settings, upon validation of each electronic document of the one or more electronic documents, using an AI-based guideline validation model.

The plurality of subsystems further comprises a risk assessment prediction subsystem configured to predict risk assessment on the one or more loans for one or more second users based on at least one of: one or more market data and one or more internal loan performance metrics, using an AI-based risk model.

The plurality of subsystems further comprises a loan price adjusting subsystem configured to dynamically adjust loan pricing and terms in response to market conditions based on a combination of at least one of: the eligibility of the one or more loans, the base rate settings, and the risk assessment on the one or more loans for one or more second users, using an AI-powered pricing and terms engine.

In another aspect, a non-transitory computer-readable storage medium having instructions stored therein that, when executed by a hardware processor, causes the processor to perform method steps as described above.

To further clarify the advantages and features of the present disclosure, a more particular description of the disclosure will follow by reference to specific embodiments thereof, which are illustrated in the appended figures. It is to be appreciated that these figures depict only typical embodiments of the disclosure and are therefore not to be considered limiting in scope. The disclosure will be described and explained with additional specificity and detail with the appended figures.

Further, those skilled in the art will appreciate that elements in the figures are illustrated for simplicity and may not have necessarily been drawn to scale. Furthermore, in terms of the construction of the device, one or more components of the device may have been represented in the figures by conventional symbols, and the figures may show only those specific details that are pertinent to understanding the embodiments of the present disclosure so as not to obscure the figures with details that will be readily apparent to those skilled in the art having the benefit of the description herein.

For the purpose of promoting an understanding of the principles of the disclosure, reference will now be made to the embodiment illustrated in the figures and specific language will be used to describe them. It will nevertheless be understood that no limitation of the scope of the disclosure is thereby intended. Such alterations and further modifications in the illustrated system, and such further applications of the principles of the disclosure as would normally occur to those skilled in the art are to be construed as being within the scope of the present disclosure. It will be understood by those skilled in the art that the foregoing general description and the following detailed description are exemplary and explanatory of the disclosure and are not intended to be restrictive thereof.

In the present document, the word “exemplary” is used herein to mean “serving as an example, instance, or illustration. ” Any embodiment or implementation of the present subject matter described herein as “exemplary” is not necessarily to be construed as preferred or advantageous over other embodiments.

The terms “comprise”, “comprising”, or any other variations thereof, are intended to cover a non-exclusive inclusion, such that one or more devices or sub-systems or elements or structures or components preceded by “comprises . . . a” does not, without more constraints, preclude the existence of other devices, sub-systems, additional sub-modules. Appearances of the phrase “in an embodiment”, “in another embodiment” and similar language throughout this specification may, but not necessarily do, all refer to the same embodiment.

Unless otherwise defined, all technical and scientific terms used herein have the same meaning as commonly understood by those skilled in the art to which this disclosure belongs. The system, methods, and examples provided herein are only illustrative and not intended to be limiting.

A computer system (standalone, client or server computer system) configured by an application may constitute a “module” (or “subsystem”) that is configured and operated to perform certain operations. In one embodiment, the “module” or “subsystem” may be implemented mechanically or electronically, so a module includes dedicated circuitry or logic that is permanently configured (within a special-purpose processor) to perform certain operations. In another embodiment, a “module” or “subsystem” may also comprise programmable logic or circuitry (as encompassed within a general-purpose processor or other programmable processor) that is temporarily configured by software to perform certain operations.

Accordingly, the term “module” or “subsystem” should be understood to encompass a tangible entity, be that an entity that is physically constructed, permanently configured (hardwired) or temporarily configured (programmed) to operate in a certain manner and/or to perform certain operations described herein.

1 FIG. 12 FIG. Referring now to the drawings, and more particularly tothrough, where similar reference characters denote corresponding features consistently throughout the figures, there are shown preferred embodiments and these embodiments are described in the context of the following exemplary system and/or method.

1 FIG. 1 FIG. 100 104 100 102 104 106 102 104 is a block diagram illustrating a computing environmentwith an artificial intelligence based (AI-based) systemfor managing one or more electronic documents including closing packages (may be one or more closing packages) and providing dynamic risk assessment and loan pricing based on real-time data, in accordance with an embodiment of the present disclosure. According to, the computing environmentincludes one or more electronic devicesthat are communicatively coupled to the AI-based systemthrough a communication network. The one or more electronic devicesthrough which one or more first users provide one or more inputs to the AI-based system.

In an embodiment, the one or more first users may include at least one of: one or more data analysts, one or more business analysts, one or more cash analysts, one or more financial analysts, one or more collection analysts, one or more debt collectors, one or more professionals associated with cash and collection management, and the like.

104 102 The present invention is configured to manage the one or more electronic documents including the closing packages and predict the risk assessment on the one or more loans for one or more second users. The AI-based systemis initially configured to receive the one or more electronic documents including the closing packages from one or more electronic devicesassociated with the one or more first users. In an embodiment, the closing packages may include a set of the one or more electronic documents associated with one or more financial transactions. In an embodiment, the one or more electronic documents are corresponding to a form of a portable document format (PDF).

104 104 The AI-based systemis further configured to automatically categorize the one or more electronic documents including the closing packages associated with one or more financial transactions, by applying one or more tags on the one or more electronic documents, using an artificial intelligence (AI) model. The AI-based systemis further configured to split each electronic document of the one or more electronic documents including the closing packages, based on the one or more tags applied on the one or more electronic documents, using the AI-based document splitting model.

104 104 104 The AI-based systemis further configured to extract one or more information from one or more types of the one or more electronic documents, using the AI model. The AI-based systemis further configured to validate each electronic document of the one or more electronic documents to determine whether each electronic document of the one or more electronic documents are required to a process of one or more loans. The AI-based systemis further configured to determine at least one of: eligibility of the one or more loans and base rate settings, upon validation of each electronic document of the one or more electronic documents, using an AI-based guideline validation model.

104 The AI-based systemis further configured to predict the risk assessment on the one or more loans for the one or more second users based on at least one of: one or more market data and one or more internal loan performance metrics, using an AI-based risk model. In an embodiment, the one or more second users may include at least one of: one or more debtors, one or more customers, one or more organizations, an individual within the one or more organizations, one or more parent companies, one or more subsidiaries, one or more joint ventures, one or more partnerships, one or more legal entities, and the like.

104 106 102 The AI-based systemmay be hosted on a central server including at least one of: a cloud server or a remote server. Further, the communication networkmay be at least one of: a Wireless-Fidelity (Wi-Fi) connection, a hotspot connection, a Bluetooth connection, a local area network (LAN), a wide area network (WAN), any other wireless network, and the like. In an embodiment, the one or more electronic devicesmay include at least one of: a laptop computer, a desktop computer, a tablet computer, a Smartphone, a wearable device, a Smart watch, and the like.

100 108 104 106 108 108 102 Further, the computing environmentincludes one or more databasescommunicatively coupled to the AI-based systemthrough the communication network. In an embodiment, the one or more databasesincludes at least one of: one or more relational databases, one or more object-oriented databases, one or more data warehouses, one or more cloud-based databases, and the like. In another embodiment, a format of the one or more data generated from the one or more databasesmay include at least one of: a comma-separated values (CSV) format, a JavaScript Object Notation (JSON) format, an Extensible Markup Language (XML), spreadsheets, and the like. Furthermore, the one or more electronic devicesinclude at least one of: a local browser, a mobile application, and the like.

104 104 110 110 2 FIG. Furthermore, the one or more first users may use a web application through the local browser, the mobile application to communicate with the AI-based system. In an embodiment of the present disclosure, the AI-based systemincludes a plurality of subsystems. Details on the plurality of subsystemshave been elaborated in subsequent paragraphs of the present description with reference to.

2 FIG. 104 202 204 206 202 204 206 208 202 110 204 is a detailed view of the artificial intelligence based (AI-based) method for managing the one or more electronic documents including the closing packages and providing the dynamic risk assessment and loan pricing based on the real-time data, in accordance with another embodiment of the present disclosure. The AI-based systemincludes a memory, one or more hardware processors, and a storage unit. The memory, the one or more hardware processors, and the storage unitare communicatively coupled through a system busor any similar mechanism. The memoryincludes the plurality of subsystemsin the form of programmable instructions executable by the one or more hardware processors.

110 210 212 214 216 218 220 222 224 226 The plurality of subsystemsincludes a document receiving subsystem, a document categorizing subsystem, a document splitting subsystem, an information extraction subsystem, a document validation subsystem, a loan eligibility determining subsystem, a risk assessment prediction subsystem, a loan price adjusting subsystem, and a training subsystem.

204 204 The one or more hardware processors, as used herein, means any type of computational circuit, including, but not limited to, at least one of: a microprocessor unit, microcontroller, complex instruction set computing microprocessor unit, reduced instruction set computing microprocessor unit, very long instruction word microprocessor unit, explicitly parallel instruction computing microprocessor unit, graphics processing unit, digital signal processing unit, or any other type of processing circuit. The one or more hardware processorsmay also include embedded controllers, including at least one of: generic or programmable logic devices or arrays, application specific integrated circuits, single-chip computers, and the like.

202 202 204 204 202 202 202 202 110 204 The memorymay be non-transitory volatile memory and non-volatile memory. The memorymay be coupled for communication with the one or more hardware processors, being a computer-readable storage medium. The one or more hardware processorsmay execute machine-readable instructions and/or source code stored in the memory. A variety of machine-readable instructions may be stored in and accessed from the memory. The memorymay include any suitable elements for storing data and machine-readable instructions, including at least one of: read only memory, random access memory, erasable programmable read only memory, electrically erasable programmable read only memory, a hard drive, a removable media drive for handling compact disks, digital video disks, diskettes, magnetic tape cartridges, memory cards, and the like. In the present embodiment, the memoryincludes the plurality of subsystemsstored in the form of machine-readable instructions on any of the above-mentioned storage media and may be in communication with and executed by the one or more hardware processors.

206 110 The storage unitmay be a cloud storage, a Structured Query Language (SQL) data store, a noSQL database or a location on a file system directly accessible by the plurality of subsystems.

110 210 204 210 102 The plurality of subsystemsincludes the document receiving subsystemthat is communicatively connected to the one or more hardware processors. The document receiving subsystemis configured to receive electronic documents including the closing packages from the one or more electronic devicesassociated with the one or more first users. The closing packages may include the set of the one or more electronic documents associated with the one or more financial transactions. In an embodiment, the one or more electronic documents are corresponding to a form of the portable document format (PDF). In an embodiment, the one or more first users may include at least one of: the one or more data analysts, the one or more business analysts, the one or more cash analysts, the one or more financial analysts, the one or more collection analysts, the one or more debt collectors, and the one or more professionals associated with the cash and collection management.

110 212 204 212 212 The plurality of subsystemsfurther includes the document categorizing subsystemthat is communicatively connected to the one or more hardware processors. The document categorizing subsystemis configured to automatically categorize the one or more electronic documents including the closing packages associated with the one or more financial transactions, by applying the one or more tags on the one or more electronic documents, using the artificial intelligence (AI) model. For automatically categorize the one or more electronic documents including the closing packages, the document categorizing subsystemis configured to convert the PDF documents from the closing packages into one or more text formats using an optical recognition engine (e.g., a tesseract optical recognition (OCR) engine). The conversion may facilitate further text-based processing and analysis.

110 226 204 226 226 226 226 1 2 d The plurality of subsystemsfurther includes the training subsystemthat is communicatively connected to the one or more hardware processors. The training subsystemis configured to train the AI model for automatically categorizing the one or more electronic documents including the closing packages. For training the AI model, the training subsystemis configured to obtain one or more first training datasets associated with the one or more text formats of the one or more electronic documents corresponding to one or more predefined tags. The training subsystemis further configured to generate one or more feature vectors (e.g., X=[X, X,. X]) by processing the one or more first training datasets using at least one of: the optical character recognition (OCR) engine and a natural language processing (NLP) model. The training subsystemis further configured to correlate the generated one or more feature vectors with one or more respective tags being assigned for the one or more electronic documents.

226 The training subsystemis further configured to train the AI model based on the correlation between the generated one or more feature vectors and the one or more respective tags. In an embodiment, the AI model may include a Stochastic Gradient Descent (SGD) classification model. In other words, the correlation of the generated one or more feature vectors and the one or more respective tags, is inputted to the Stochastic Gradient Descent (SGD) classification model to develop a predictive AI model.

212 The document categorizing subsystemis further configured to determine one or more tags being applied on the one or more electronic documents to automatically categorize the one or more electronic documents, based on the trained AI model.

110 214 204 214 214 214 The plurality of subsystemsfurther includes the document splitting subsystemthat is communicatively connected to the one or more hardware processors. The document splitting subsystemmay have an AI-powered document segregation system configured to automate the separation and categorization of the one or more electronic documents including the large loan closing packages. The document splitting process may be initiated when a document tagging process detects closing package tag within a group of electronic documents. The document splitting subsystemmay integrate the optical character recognition (OCR) and natural language processing (NLP) to enhance the efficiency and accuracy of document segregation. The document splitting subsystemis configured to split each electronic document of the one or more electronic documents including the closing packages, based on the one or more tags applied on the one or more electronic documents, using the AI-based document splitting model.

214 214 214 For splitting each electronic document of the one or more electronic documents including the closing packages, using the AI-based document splitting model, the document splitting subsystemis configured to convert the one or more electronic documents from the portable document format (PDF) to the one or more text formats using the OCR engine (e.g., the Tesseract OCR engine). The document splitting subsystemis further configured to process the converted one or more text formats of the one or more electronic documents to extract a list of page numbers for each electronic document of the one or more electronic documents, using a Spacy named entity recognition (NER) model. In an embodiment, the document splitting subsystemis configured to mark the page number “none” if the page does not have any number. In an embodiment, the comprehensive list of page numbers is compiled for subsequent processes.

214 214 The document splitting subsystemis further configured to convert the one or more electronic documents from the portable document format (PDF) to one or more image formats. The document splitting subsystemis further configured to predict a type of one or more pages of the one or more electronic documents based on the converted one or more image formats of the one or more electronic documents, using a convolutional neural network (CNN) model. In an embodiment, the type of one or more pages of the one or more electronic documents may include at least one of: start page (F), middle page (M), end page (L), filler page (F), and single page(S), of the one or more electronic documents. In an embodiment, advanced pattern recognition capabilities of the CNN model are critical for accurate page type determination.

214 214 The document splitting subsystemis further configured to determine a boundary of each electronic document of the one or more electronic documents by combining the extracted list of page numbers for each electronic document of the one or more electronic documents and predicted type of the one or more pages of the one or more electronic documents, using the AI-based document splitting model. The document splitting subsystemis further configured to tag each electronic documents of the one or more electronic documents based on the one or more types of the one or more electronic documents, using a document tag classifier. In an embodiment, the document tag classifier may include a Stochastic Gradient Descent Classifier (SGDClassifier).

214 In other words, first two pages of the electronic documents and the single page electronic document, are processed through a SGDClassifier which tags the one or more electronic documents based on the one or more types of the one or more electronic documents. The document splitting subsystemis further configured to split each electronic document of the one or more electronic documents based on the one or more tags applied on the one or more electronic documents. In an embodiment, the document splitting is further refined based on the tags identified within the group of the one or more electronic documents, ensuring accurate separation and categorization of the one or more electronic documents. In an embodiment, each classified electronic document may be stored in a designated directory with its corresponding tag name, simplifying access for loan processors.

110 216 204 216 226 The plurality of subsystemsfurther includes the information extraction subsystemthat is communicatively connected to the one or more hardware processors. The information extraction subsystemis configured to extract the one or more information from the one or more types of the one or more electronic documents, using the AI model. The training subsystemis configured to train the AI model for extracting the one or more information from the one or more types of the one or more electronic documents.

226 226 The training subsystemis configured to obtain a set of electronic documents including the one or more types of the one or more electronic documents. In an embodiment, the one or more types of the one or more electronic documents may include at least one of: one or more notes, housing and urban development document, social security number (SSN), driving licenses, and the like. The training subsystemis further configured to annotate the one or more types of the one or more electronic documents to indicate one or more key details including at least one of: one or more names of the one or more second users, one or more SSN values, one or more loan values, and the like.

226 226 The training subsystemis further configured to extract one or more features from the annotated one or more electronic documents using the NLP model. In an embodiment, the NLP model may include a SpaCy library model. The training subsystemis further configured to train AI model with the extracted one or more features and the annotated one or more electronic documents, to analyze the one or more information from each type of the one or more electronic documents.

216 216 216 216 During a prediction phase of the document extraction, the information extraction subsystemis configured to obtain a new electronic document. The information extraction subsystemis further configured to apply necessary pre-processing steps including at least one of: text cleaning, OCR (if the document is in image format), and feature extraction. The information extraction subsystemis further configured to utilize the trained AI model to identify and extract the required details (e.g., the one or more names of the one or more second users, the one or more SSN values, the one or more loan values, and the like.) from the electronic document. The information extraction subsystemis further configured to execute the extracted details into a structured format for further use or analysis.

110 218 204 218 218 The plurality of subsystemsfurther includes the document validation subsystemthat is communicatively connected to the one or more hardware processors. The document validation subsystemis configured to validate each electronic document of the one or more electronic documents to determine whether each electronic document of the one or more electronic documents are required to the process of one or more loans. In an embodiment, the document validation subsystemis configured to perform a thorough review to check for the presence and accuracy of the one or more electronic documents.

102 In an embodiment, the document validation subsystem is further configured to send one or more notifications to the one or more electronic devicesassociated with the one or more first users when the one or more electronic documents are missing or incomplete. In an embodiment, the one or more notifications may include a request of submission of the one or more electronic documents being missed during the process of the one or more loans. In an embodiment, the document validation subsystem is further configured to ensure that the one or more electronic documents are aligned with the requirements of the specific loan type being processed.

110 220 204 220 The plurality of subsystemsfurther includes the loan eligibility determining subsystemthat is communicatively connected to the one or more hardware processors. The loan eligibility determining subsystemis configured to determine at least one of: the eligibility of the one or more loans and the base rate settings, upon validation of each electronic document of the one or more electronic documents, using the AI-based guideline validation model. The AI-based guideline validation model is a static model utilizing a set of business-defined criteria to determine loan eligibility and the base rate settings.

The process of determination of loan eligibility and the base rate settings, involves three different checks including at least one of: critical checks, mandatory checks, and secondary checks.

220 220 The critical checks are fundamental checks that determine whether a loan application can proceed or not. The one or more loans may be rejected when the one or more loans fail at least one of: the critical checks, the mandatory checks, and the secondary checks. In an embodiment, the loan eligibility determining subsystemis configured to determine at least one of: the eligibility of the one or more loans and the base rate settings, based on one or more factors including at least one of: evaluations of credit score, loan-to-value ratio defining property value corresponding to a loan amount, eligibility of the one or more second users and one or more properties. The loan eligibility determining subsystemis further configured to determine whether the one or more loans meet one or more minimum standards indicating an acceptation of the one or more first users on the one or more loans.

220 220 The mandatory checks are also crucial but focus on setting the terms of the one or more loans rather than determining outright eligibility. If the one or more loan passes the mandatory checks, then the loan eligibility determining subsystemis configured to move forward with what's known as base pricing. The loan eligibility determining subsystemis configured to determine base pricings for the one or more loans based on one or more first fields including at least one of: information associated with a loan amount, experience of the one or more second users, one or more credit scores (e.g., FICO® Score), demography, and the like.

220 The secondary checks are based on user's ability to provide optional fields which may help calculating a better pricing. In other words, the loan eligibility determining subsystemis configured to determine optimized pricings for the one or more loans based on one or more second fields obtained from the one or more second users. In an embodiment, the one or more second fields may include one or more properties belonging to the one or more second users.

110 222 204 222 222 222 The plurality of subsystemsfurther includes the risk assessment prediction subsystemthat is communicatively connected to the one or more hardware processors. The risk assessment prediction subsystemis configured to predict the risk assessment on the one or more loans for one or more second users based on at least one of: one or more market data and one or more internal loan performance metrics, using the AI-based risk model. In an embodiment, the risk assessment prediction subsystemis configured to incorporate Toorak's loan performance data from previous years, market data in terms of location, loan delinquency data, user geographical data and financial data and social media data. The risk assessment prediction subsystemis configured to utilize the AI-based risk model to establish risk criteria and scaling, for enhancing the precision of the risk assessment.

226 226 For predicting the risk assessment on the one or more loans for one or more second users, the training subsystemis initially configured to obtain one or more second training datasets including one or more data from one or more data sources. In an embodiment, the one or more data may include at least one of: the one or more market data, one or more user geographical and financial data, one or more loan performance data, one or more social media data, and the like. The training subsystemis further configured to train the AI-based risk model based on the one or more second training datasets using a grid search approach. In an embodiment, the AI-based risk model may include an extreme gradient boosting (XGBoost) model.

226 226 The training subsystemis further configured to define a range of values for each hyperparameter to be tuned in the AI-based risk model. In an embodiment, defining the range of values for each hyperparameter may include at least one of: assigning maximum, minimum, and step size for each hyperparameter of one or more hyperparameters. In an embodiment, the one or more hyperparameters comprise at least one of: learning rate, tree depth, number of trees, and the like. The training subsystemis further configured to generate a grid search space by combining the range of values from the one or more hyperparameters, which creates vast grid of potential model configurations.

226 226 The training subsystemis further configured to generate an optimized grid of configurations for the AI-based risk model (e.g., the XGBoost model) based on the combination of the range of values from the one or more hyperparameters. The training subsystemis further configured to train the XGBoost model on the one or more second trained datasets using k-fold cross-validation to determine robustness and prevent overfitting.

226 226 The training subsystemis further configured to evaluate performance of the trained AI-based risk model using one or more metrics including root mean squared error (RMSE). In an embodiment, the RMSE indicates close matching of the prediction of the AI-based risk model with one or more actual values. In an embodiment, the trained AI-based risk model with the lowest RMSE is considered the best performing configuration. The training process iterates through the grid search space, refining the parameter values and searching for the optimal set of parameters that minimizes the RMSE. In other word, the training subsystemis further configured to adjust the one or more hyperparameters to fine-tune the AI-based risk model with minimum RMSE for dynamically predicting the risk assessment with optimized accuracy.

226 In an embodiment, the training subsystemis further configured to determine whether the AI-based risk model is accurate enough. If the AI-based risk model does not meet an accuracy threshold then the training process returns to redefining the range of searching near the optimal hyper parameters, and reduces the search step. The iterative refinement of the search space may help to pinpoint the most effective combination of the one r more hyperparameters for the AI-based risk model.

222 222 222 During the prediction phase of the risk assessment prediction, the risk assessment prediction subsystemis configured to utilize the AI-based risk model representing the underlying knowledge about credit risk factors including at least one of: collection of rules, a machine learning model, or a combination of both. The risk assessment prediction subsystemis configured to obtain the data that are used to make predictions. The data may include at least one of: information on loan applicants, past borrower behavior, economic indicators, and the like. The risk assessment prediction subsystemis configured to use XGBoost optimal hyperparameter value representing optimal settings for the XGBoost model. The optimal settings are determined through a process of tuning the model's hyperparameters. In an embodiment, the XGBoost model is trained with the optimal hyperparameters. The trained XGBoost model is configured to make predictions about the creditworthiness of the one or more second users or businesses based on the current data.

110 224 204 224 The plurality of subsystemsfurther includes the loan price adjusting subsystemthat is communicatively connected to the one or more hardware processors. The loan price adjusting subsystemis configured to dynamically adjust the loan pricing and terms in response to the market conditions based on the combination of at least one of: the eligibility of the one or more loans, the base rate settings, and the risk assessment on the one or more loans for one or more second users, using the AI-powered pricing and terms engine. In an embodiment, the AI-powered pricing and terms engine is adaptable and configured to respond to changes in the market conditions, offering favourable terms based on the broader economic environment and individual borrower profiles. For example, if a housing market is doing well and risk is on a personal borrower, the AI-powered pricing and terms engine may provide a good price range. However, if there are changes in the market conditions (i.e., the market is not doing too well), the AI-powered pricing and terms engine may provide good price range for a borrower having lots of experience, to mitigate the risk.

3 FIG. 300 104 102 302 104 304 is an overall process flowof managing the one or more electronic documents including the closing packages and providing the dynamic risk assessment and loan pricing based on the real-time data, in accordance with another embodiment of the present disclosure. The one or more electronic documents including closing packages including the one or more electronic documents are submitted at the AI-based systemfrom the one or more electronic devicesassociated with the one or more first users, as shown in step. The AI-based system(i.e., AI-driven document processing system) is configured to process the one or more electronic documents, wherein processing of the one or more electronic documents include automatic categorization, splitting, of the one or more electronic documents, and extracting of the one or more information from the one or more electronic documents, as shown in step.

306 308 310 At step, each electronic document of the one or more electronic documents is validated to determine whether each electronic document of the one or more electronic documents are required to the process of one or more loans. At step, the AI-based guideline validation model is configured to determine at least one of: the eligibility of the one or more loans and the base rate settings, upon validation of each electronic document of the one or more electronic documents. At step, the AI-based risk model is configured to predict the risk assessment on the one or more loans for one or more second users based on at least one of: the one or more market data and the one or more internal loan performance metrics.

312 At step, the AI-powered pricing and terms engine is configured to dynamically adjust the loan pricing and terms in response to the market conditions based on the combination of at least one of: the eligibility of the one or more loans, the base rate settings, and the risk assessment on the one or more loans for one or more second users.

4 FIG. 400 402 404 is a process flowof training the AI model to automatically categorize the one or more electronic documents including the closing packages, in accordance with an embodiment of the present disclosure. At step, the one or more first training datasets associated with the one or more text formats of the one or more electronic documents corresponding to one or more predefined tags, are obtained. At step, the one or more feature vectors are generated by processing the one or more first training datasets using at least one of: the optical character recognition (OCR) engine and the natural language processing (NLP) model.

406 408 410 At step, the generated one or more feature vectors are correlated with the one or more respective tags being assigned for the one or more electronic documents. The AI model is trained to generate the predictive model, as shown in step, based on the correlation between the generated one or more feature vectors and the one or more respective tags. In an embodiment, the AI model may include the Stochastic Gradient Descent (SGD) classification model. At step, the one or more tags being applied on the one or more electronic documents are determined to automatically categorize the one or more electronic documents, based on the trained AI model, upon inputting an electronic document with the one or more feature vectors.

400 402 404 406 In other words, the process flowinitiates with raw text documents as input, as shown in step. Transitioning to feature vectors, as shown in step, the textual input is transformed into a numerical representation. This step involves extracting important characteristics (i.e., one or more features) from the text, including at least one of: word frequencies, presence of specific terms, and other linguistic patterns. As a next step, one or more labels are defined for each document, including at least one of: Note, SSN, Passport, HUDD etc. The core of the system lies within the SGD classification model, as shown in step, leveraging the power of Stochastic Gradient Descent (SGD) to map feature vectors to the correct labels. Through iterative adjustments of internal parameters, the SGD classification model minimizes errors in prediction. During testing, this custom-trained model is utilized to predict documents. The type of features used during training may be retained to enable the conversion of text documents into feature vectors for accurate label prediction.

5 FIG. 500 502 504 is a process flowof splitting each electronic document of the one or more electronic documents including the closing packages, using an AI-based document splitting model, in accordance with an embodiment of the present disclosure. At step, the one or more electronic documents are converted from the portable document format (PDF) to the one or more text formats using the OCR engine (e.g., the Tesseract OCR engine). At step, the converted one or more text formats of the one or more electronic documents are converted to extract the list of page numbers for each electronic document of the one or more electronic documents, using the Spacy named entity recognition (NER) model.

506 508 At step, the type of the one or more pages of the one or more electronic documents are predicted based on the converted one or more image formats of the one or more electronic documents, using the convolutional neural network (CNN) model. In an embodiment, the type of one or more pages of the one or more electronic documents may include at least one of: start page (F), middle page (M), end page (L), filler page (F), and single page(S), of the one or more electronic documents. At step, the boundary of each electronic document of the one or more electronic documents is determined by combining the extracted list of page numbers for each electronic document of the one or more electronic documents and predicted type of the one or more pages of the one or more electronic documents, using the AI-based document splitting model.

510 512 At step, each electronic documents of the one or more electronic documents is tagged based on the one or more types of the one or more electronic documents, using the document tag classifier (e.g., the Stochastic Gradient Descent (SGD) classifier). At step, each electronic document of the one or more electronic documents is split based on the one or more tags applied on the one or more electronic documents.

500 502 504 506 508 510 104 In other words, the process flowinitiates with the Tesseract OCR engine, as shown in step, which undertakes a crucial task of converting the PDF documents into text formats. Subsequent to this conversion, the Spacy NER model, as shown in step, adeptly extracts essential page numbers from each page within the electronic document. Simultaneously, the Convolutional Neural Network (CNN) model, as shown in step, operates in parallel, discerning the type of page from the PDF document with remarkable accuracy. These parallel processes yield lists of page results, which are seamlessly transmitted to the Document Splitter Model, as shown in step. Here, meticulous processing of the lists and results occurs, ultimately yielding a final list delineating individual document boundaries extracted from the larger closing document. The delineated boundaries are then transmitted to the SGDClassifier, as shown in, which undertakes the task of predicting the tag of each identified electronic document. Upon completion of this prediction process, the AI-based systemefficiently saves each electronic document with its specific tag as a filename in a predefined directory.

6 FIG. 600 602 604 606 608 is a process flowillustrating extraction of the list of page numbers for each electronic document of the one or more electronic documents, in accordance with an embodiment of the present disclosure. At step, the one or more electronic documents are converted from the portable document format (PDF) to the one or more text formats using the OCR engine. At step, the one or more electronic documents are converted to list of texts, using python script. At step, the converted one or more text formats of the one or more electronic documents are processed to extract the list of page numbers for each electronic document of the one or more electronic documents, using the Spacy named entity recognition (NER) model. At step, the label of each page of the one or more electronic documents to the list of page numbers corresponding to each electronic document of the one or more electronic documents, using the python script.

600 602 604 605 608 In other words, the process flowbegins with the PDF document as input, which undergoes conversion into a text document using Tesseract. Subsequently, the Python scriptprocesses this text document into a list of text pages. The next step involves the page number model, where the text undergoes tokenization using language-specific rules. Each token is processed by a Tokenizer, which accesses a vocabulary (Vocab) table to check for various features including ta least one of: prefix, suffix, shape, and normalized form (lowercase form). If any feature is absent, it is added to the vocabulary. The output of the Tokenizer is a Doc object, representing a sequence of tokens. An updated NER model is configured to operate on the document object, returning page number entities within the input text along with their respective probability scores. Finally, a post-processing Python scriptaggregates the extracted page numbers for each page, presenting them as a list of page number entities.

7 FIG. 700 702 704 706 704 702 706 710 708 710 702 710 is a block diagramillustrating prediction of a type of one or more pages of the one or more electronic documents using a convolutional neural network (CNN) model, in accordance with an embodiment of the present disclosure. Beginning with an image as input, the process advances through feature extraction involving convolutionand pooling. During convolution, the CNN extracts significant features from the inputusing a series of filters, or kernels, which slide across the image, performing calculations at each step. These filters are adept at detecting patterns like edges, shapes, and textures. Subsequently, in the pooling stage, the outputof the convolutional layers is downsized. This step aids in reducing computation, enhancing the network's robustness to slight input variations, and focusing on the most critical features. A prevalent type of pooling is max-pooling, which selects the maximum value within a small window. Following feature extraction, the process moves to classification, where a fully connected layeranalyzes the features and learns to make predictions. Finally, at the output stage, the CNN predicts the probability of each label (e.g., startPage, endPage, middlePage, singlePage, or fillerPage), for the given inputand outputsthe label with the highest probability using an argmax operation.

8 FIG. 802 804 is a process flow illustrating a training process of the AI model for extracting one or more information from one or more types of the one or more electronic documents, in accordance with an embodiment of the present disclosure. At step, the set of electronic documents including the one or more types of the one or more electronic documents, is obtained. In an embodiment, the one or more types of the one or more electronic documents may include at least one of: the one or more notes, the housing and urban development document, the social security number (SSN), the driving licenses, and the like. At step, the one or more types of the one or more electronic documents are annotated to indicate the one or more key details including at least one of: the one or more names of the one or more second users, the one or more SSN values, the one or more loan values, and the like.

806 The one or more features are extracted from the annotated one or more electronic documents using the NLP model. The NLP model may include a SpaCy library model. At step, the AI model is trained with the extracted one or more features and the annotated one or more electronic documents, to analyze the one or more information from each type of the one or more electronic documents.

9 FIG. 900 902 104 904 906 908 is a process flowillustrating a prediction process of the trained AI model for extracting the one or more information from the one or more types of the one or more electronic documents, in accordance with an embodiment of the present disclosure. At step, a new electronic document is inputted to the AI-based system. At step, one or more pre-processing steps including at least one of: cleaning the electronic documents, converting the format of the electronic documents (e.g., if the electronic document is in image format), extracting the features of the electronic documents, and the like. At step, the trained AI model is utilized to identify and extract the required information including at least one of: one or more names of the one or more second users, one or more SSN values, one or more loan values, and the like, from the one or more electronic documents. At step, the extracted information is executed into a structured format for further use or analysis.

10 FIG. 1000 1002 is a process flowillustrating a training process of the AI-based risk model for predicting the risk assessment on the one or more loans for the one or more second users, in accordance with an embodiment of the present disclosure. At step, the one or more second training datasets including the one or more data, are obtained from the one or more data sources. In an embodiment, the one or more data may include at least one of: the one or more market data, the one or more user geographical and financial data, the one or more loan performance data, the one or more social media data, and the like.

1004 1006 1008 At step, the one or more second training datasets are inputted to the trained AI-based risk model. At step, the range of values for each hyperparameter (i.e., XGBoost hyperparameters) is defined to be tuned in the AI-based risk model. In an embodiment, defining the range of values for each hyperparameter may include at least one of: assigning maximum, minimum, and step size for each hyperparameter of the one or more hyperparameters. At step, the grid search space are generated by combining the range of values from the one or more hyperparameters.

1010 1012 1014 1016 104 104 104 At step, the XGBoost model is trained in the one or more second training datasets using k-fold cross-validation to determine robustness and prevent overfitting. At step, the performance of the trained AI-based risk model is evaluated using the one or more metrics comprising root mean squared error (RMSE). In an embodiment, the RMSE indicates close matching of the prediction of the AI-based risk model with the one or more actual values. At step, the AI-based risk model with the lowest is considered the best performing configuration. In an embodiment, the process iterates through the grid search space, refining the parameter values and searching for the optimal set of parameters that minimizes the RMSE. At step, the AI-based systemcheck the accuracy of the AI-based risk model. If the accuracy of the AI-based risk model meets the accuracy threshold, the AI-based risk model is trained with the parameter values having the lowest RMSE value. If the accuracy of the AI-based risk model does not meet the accuracy threshold, then the AI-based systemis configured to refine the range of searching near the optimal hyperparameters, and reduces the search step. In other words, the AI-based systemis configured to adjust the one or more hyperparameters to fine-tune the AI-based risk model with minimum RMSE for dynamically predicting the risk assessment with optimized accuracy. The iterative refinement of the search space helps to pinpoint the most effective combination of the one or more hyperparameters for the AI-based risk model.

11 FIG. 1104 is a process flow illustrating a prediction process of the AI-based risk model for predicting risk assessment on the one or more loans for the one or more second users, in accordance with an embodiment of the present disclosure. The AI-based risk model, as shown in 1102, may represent underlying knowledge about one or more credit risk factors. The AI-based risk model may be a collection of rules, a machine learning model, or a combination of both. The one or more current data, as shown in, may refer to the data that are used to make predictions. Th one or more current data may include information on loan applicants, past borrower behavior, economic indicators, and the like.

1106 1108 1106 1110 104 The XGBoost optimal hyperparameter value, as shown in, may represent one or more optimal settings for the XGBoost model. The one or more optimal settings are determined through a process of tuning the model's hyperparameters. The final XGBoost-grid model, as shown in, is the XGBoost model trained with the optimal hyperparameters found in the previous step. The credit risk prediction, as shown in, is an output of the AI-based system. The XGBoost model makes predictions about the creditworthiness of individuals (e.g., the one or more second users) or businesses based on the one or more current data.

12 FIG. 1200 is a flow chart illustrating an artificial intelligence based (AI-based) methodfor managing the one or more electronic documents including the closing packages and providing the dynamic risk assessment and loan pricing based on the real-time data, in accordance with an embodiment of the present disclosure.

1202 102 At step, the one or more electronic documents including the closing packages are received from the one or more electronic devicesassociated with the one or more first users. In an embodiment, the closing packages may include the set of the one or more electronic documents associated with the one or more financial transactions. In an embodiment, the one or more electronic documents are corresponding to the form of the portable document format (PDF).

1204 At step, the one or more electronic documents including the closing packages associated with one or more financial transactions, are automatically categorized by applying the one or more tags on the one or more electronic documents, using the artificial intelligence (AI) model.

1206 At step, each electronic document of the one or more electronic documents including the closing packages, is split based on the one or more tags applied on the one or more electronic documents, using the AI-based document splitting model.

1208 At step, the one or more information are extracted from the one or more types of the one or more electronic documents, using the AI model.

1210 At step, each electronic document of the one or more electronic documents is validated to determine whether each electronic document of the one or more electronic documents are required to the process of one or more loans.

1212 At step, at least one of: the eligibility of the one or more loans and the base rate settings, is determined upon validation of each electronic document of the one or more electronic documents, using the AI-based guideline validation model.

1214 At step, the risk assessment on the one or more loans for one or more second users, is predicted based on at least one of: the one or more market data and the one or more internal loan performance metrics, using the AI-based risk model.

1216 At step, the loan pricing and terms in response to market conditions are dynamically adjusted based on the combination of at least one of: the eligibility of the one or more loans, the base rate settings, and the risk assessment on the one or more loans for one or more second users, using the AI-powered pricing and terms engine.

104 104 1200 The present invention has following advantages. The present invention with the AI-based systemthat leverages artificial intelligence to enhance document management within the loan closing process and to provide dynamic risk assessment and loan pricing based on real-time data. The present invention with the AI-based systemand methodfor automated loan underwriting and dynamic pricing engine.

104 104 The present invention with the AI-based systemis configured to manage the one or more electronic documents with enhanced accuracy and efficiency through AI-driven automation. The present invention with the AI-based systemis configured to predict the real-time risk assessment capabilities, allowing for adaptive responses to changing market and borrower (e.g., the one or more second users) data. The dynamic pricing and term adjustments ensure optimal loan conditions that reflect current market realities.

The written description describes the subject matter herein to enable any person skilled in the art to make and use the embodiments. The scope of the subject matter embodiments is defined by the claims and may include other modifications that occur to those skilled in the art. Such other modifications are intended to be within the scope of the claims if they have similar elements that do not differ from the literal language of the claims or if they include equivalent elements with insubstantial differences from the literal language of the claims.

The embodiments herein can comprise hardware and software elements. The embodiments that are implemented in software include but are not limited to, firmware, resident software, microcode, etc. The functions performed by various modules described herein may be implemented in other modules or combinations of other modules. For the purposes of this description, a computer-usable or computer-readable medium can be any apparatus that can comprise, store, communicate, propagate, or transport the program for use by or in connection with the instruction execution system, apparatus, or device.

The medium can be an electronic, magnetic, optical, electromagnetic, infrared, or semiconductor system (or apparatus or device) or a propagation medium. Examples of a computer-readable medium include a semiconductor or solid-state memory, magnetic tape, a removable computer diskette, a random-access memory (RAM), a read-only memory (ROM), a rigid magnetic disk and an optical disk. Current examples of optical disks include compact disk-read only memory (CD-ROM), compact disk-read/write (CD-R/W) and DVD.

104 104 Input/output (I/O) devices (including but not limited to keyboards, displays, pointing devices, etc.) can be coupled to the AI-based systemeither directly or through intervening I/O controllers. Network adapters may also be coupled to the AI-based systemto enable the data processing system to become coupled to other data processing systems or remote printers or storage devices through intervening private or public networks. Modems, cable modem and Ethernet cards are just a few of the currently available types of network adapters.

104 104 208 104 104 A representative hardware environment for practicing the embodiments may include a hardware configuration of an information handling/AI-based systemin accordance with the embodiments herein. The AI-based systemherein comprises at least one processor or central processing unit (CPU). The CPUs are interconnected via the system busto various devices including at least one of: a random-access memory (RAM), read-only memory (ROM), and an input/output (I/O) adapter. The I/O adapter can connect to peripheral devices, including at least one of: disk units and tape drives, or other program storage devices that are readable by the AI-based system. The AI-based systemcan read the inventive instructions on the program storage devices and follow these instructions to execute the methodology of the embodiments herein.

104 The AI-based systemfurther includes a user interface adapter that connects a keyboard, mouse, speaker, microphone, and/or other user interface devices including a touch screen device (not shown) to the bus to gather user input. Additionally, a communication adapter connects the bus to a data processing network, and a display adapter connects the bus to a display device which may be embodied as an output device including at least one of: a monitor, printer, or transmitter, for example.

A description of an embodiment with several components in communication with each other does not imply that all such components are required. On the contrary, a variety of optional components are described to illustrate the wide variety of possible embodiments of the invention. When a single device or article is described herein, it will be apparent that more than one device/article (whether or not they cooperate) may be used in place of a single device/article. Similarly, where more than one device or article is described herein (whether or not they cooperate), it will be apparent that a single device/article may be used in place of the more than one device or article, or a different number of devices/articles may be used instead of the shown number of devices or programs. The functionality and/or the features of a device may be alternatively embodied by one or more other devices which are not explicitly described as having such functionality/features. Thus, other embodiments of the invention need not include the device itself.

The illustrated steps are set out to explain the exemplary embodiments shown, and it should be anticipated that ongoing technological development will change the manner in which particular functions are performed. These examples are presented herein for purposes of illustration, and not limitation. Further, the boundaries of the functional building blocks have been arbitrarily defined herein for the convenience of the description. Alternative boundaries can be defined so long as the specified functions and relationships thereof are appropriately performed. Alternatives (including equivalents, extensions, variations, deviations, etc., of those described herein) will be apparent to persons skilled in the relevant art(s) based on the teachings contained herein. Such alternatives fall within the scope and spirit of the disclosed embodiments. Also, the words “comprising,” “having,” “containing,” and “including,” and other similar forms are intended to be equivalent in meaning and be open-ended in that an item or items following any one of these words is not meant to be an exhaustive listing of such item or items or meant to be limited to only the listed item or items. It must also be noted that as used herein and in the appended claims, the singular forms “a,” “an,” and “the” include plural references unless the context clearly dictates otherwise.

Finally, the language used in the specification has been principally selected for readability and instructional purposes, and it may not have been selected to delineate or circumscribe the inventive subject matter. It is therefore intended that the scope of the invention be limited not by this detailed description, but rather by any claims that are issued on an application based here on. Accordingly, the embodiments of the present invention are intended to be illustrative, but not limiting, of the scope of the invention, which is set forth in the following claims.